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He added that numerous risks, such as US President Donald Trump’s protectionist threats and the uncertain outcome of Brexit negotiations, had not slowed growth so far. The Spanish economy powered ahead, however, with a stronger-than-expected growth rate of 0.8 percent in the first quarter, above the eurozone average of 0.5 percent. The latest numbers are good news for Chancellor Angela Merkel ahead of September’s federal election and for the eurozone generally as Germany is the region’s driver of economic growth. Outside the eurozone, Britain’s economy slowed to 0.3 percent in the first three months of 2017 from 0.7 percent in the fourth quarter. Preliminary data are due next Tuesday.

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On Thursday, the European Commission said it expected the German economy to grow by 1.6 percent this year and 1.9 percent in 2018. The figures show the German economy outpaced the US, the UK, and France, which recorded lower growth rates. Calling Germany a ‘rogue’ economy is ‘bulls**t’ – finance minister https://t.co/xih2XHqC2Xpic.twitter.com/kCw7cMYIjY — RT (@RT_com) April 21, 2017Economists forecast German economy to maintain robust growth, despite global geopolitical and economic uncertainties. It’s the strongest quarterly growth rate since the first quarter of 2016 when the economy grew 0.7 percent. Read moreStatistics show the economy grew by 0.6 percent from the quarter before when it expanded 0.4 percent.

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German economic growth picks up speed, good news for Merkel

The BGA trade and wholesale association said Germany’s economic engine was running smoothly, supporting overall growth in the euro zone. That was the strongest quarterly growth rate since the first quarter of 2016, when the economy grew 0.7 percent. The Spanish economy powered ahead, however, with a stronger-than-expected growth rate of 0.8 percent in the first quarter, above the euro zone average of 0.5 percent. Europe’s biggest economy grew by 0.6 percent in the quarter from the quarter before, when it expanded 0.4 percent, the Federal Statistics Office said on Friday. Outside the euro zone, Britain’s economy slowed to 0.3 percent in the first three months of 2017 from 0.7 percent in the fourth quarter.